What Is An Investment?
For Beginner Investors
Robinhood is a brokerage that offers free trading and investing threw an app. It’s easy to use and has a simple interface. You can also buy fractional shares of a company here. They have a program where if you sign up for them using this link, you get a free stock in a random company valued between $3 to $500. For more about this brokerage, watch my review of it here or sign up for it by clicking the button below. Robinhood is a great choice for beginners to investing and short term investors.
For Passive Investors
Acorns is an app and a brokerage that makes investing very convenient. It has a roundup feature that you can set up so that your money can be automatically invested based on your spending. If you $9.50 on dinner one day and you have your account linked to Acorns, they will round that transaction up to $10 and invest that 50 cents for you in a series of mutual funds. This can make investing automatic and very thoughtless. I’m not the biggest fan of mutual funds but this feature can be used as a way to invest or even just save money. Click the button below to sign up and download the app.
For Long Term And Passive Investors
This brokerage and app is my personal favorite. It allows you to invest threw an app and set up your own portfolio. For example, you could buy shares of Apple, Google, and Amazon and put them in a portfolio. You can then decide what percentage of your month should go to which company. You can have 25% go to apple, 25% to google and 50% to amazon. Just like Robinhood, you can buy fractional shares here too. There is more to this brokerage that I cover in detail in the review I did here. You can sign up for M1 Finance using the button below. This is a good choice for long term investors and people who want to implement long term stock market strategies.
For Crypto, Traders And Short Term Investors
Webull is an app and a brokerage that has A LOT of tools and information about companies that investors can use to make their investing decisions. From the app, you can access news, earnings reports, and other key stock info. They also provide resources useful for trading like the ability to short stocks, use puts as well as options. It is very trader friendly and is great for sophisticated investors and traders or those that are looking to become one. Like Robinhood, they also have a referral program but on a bigger scale. Signing up using this link will get you a free stock in a random company valued between $2 and $250. In addition to that, if you deposit $100 in your account within a month, you get an additional stock valued between $12 and $1400. To sign up with Webull, click the button below.
For Traders And Short Term Investors
Moomoo is an app and a brokerage that is similar to Webull in the sense that it has A LOT of tools and information about companies that investors can use to make their investing decisions. The biggest difference is that you can actually trade on the Hong Kong stock market on this platform! Unlike Webull though, Cryptocurrency is unavailable. Like Webull, they also have a generous referral program Signing up using this link will get you a free stock in a random company valued between $3 and $350. In addition to that, if you deposit $100 in your account within a month, you get an additional stock valued between $8 and $1000. To sign up with Moomoo, click the button below.
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